Chinese copper and aluminum demand to rise

The Commonwealth Bank of Australia indicated that although Chinese industries are sluggish in the H1 of 2010 the demand for copper and aluminum is still expected booming in the future.

The PMI in August was 51.4 higher than the performance in July at 51.2. As a result, CBA pointed out Chinese government has carried out some policies to attract large investment in the field of low cost construction, supporting the huge demand for copper and aluminum in the next decade.